Funding you earn now, next payment 23:00 UTC+0.0292%/8h= +32.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.044%
Price spread now: Deribit against gTrade (Gains Network)+0.092%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2872.868% of the position
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.092%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.045% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BNB/USD | 805.54 | L +0.0008% / S −0.0007% | pay 0.0001% / 1h | 45m 33s | $9.8M | — | 150x |
| Short | Deribit BNB_USDC-PERPETUAL | 806.29 | 0.0300 | get 0.0037% / 1h | 45m 33s | $1.6M | $165K | 25x |
gTrade (Gains Network) BNB/USD
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $61.36
- Price spread: +0.092% → +0.047%
- $4.51
- Slippage, 4 orders
- −$269.81
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$220.94
- Costs to cover
- 2.868%
- Break-even
- 32.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Deribit: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2253.7 bp −$1.13M |
| Sell Deribit live order book, 3 min ago | 3.04 bp | 9.3 bp −$9 | 15.6 bp −$156 | doesn't fit | doesn't fit |
BNB on 46 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 805.51 | −0.004% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.24 | +0.087% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.06 | +0.065% | $3.0M | $29.2M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.10 | +0.069% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.84 | +0.037% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDlong | L +0.0008% / S −0.0007% | 1h | 805.54 | long leg | $9.8M | — | 150x | |
| Variational Omni BNB | +0.0047% | 8h | 804.38 | −0.144% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 805.81 | +0.033% | — | $13.3M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0072% | 1h | 805.46 | −0.010% | $71K | $48K | 12x | as long as short |
| Bybit BNBUSDT | +0.0084% | 8h | 805.32 | −0.027% | $139.5M | $81.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
Variational Omni BNB
BingX BNB-USDC
Hibachi BNB/USDT-P
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 806.03 | +0.061% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.54 | 0.000% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.48 | −0.008% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.01 | +0.058% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.50 | −0.005% | $55.1M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.10 | +0.069% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.55 | +0.001% | $36.1M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.56 | +0.002% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.41 | −0.016% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.11 | +0.070% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.91 | +0.046% | $162K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.73 | +0.023% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.75 | +0.026% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.93 | +0.048% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.34 | +0.099% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.57 | +0.003% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.44 | +0.111% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0104% | 8h | 806.41 | +0.108% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.29 | −0.031% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.02 | +0.059% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0119% | 8h | 806.70 | +0.144% | $84.7M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0119% | 8h | 806.45 | +0.113% | $520.9M | $803.9M | 75x | as long as short |
| Phemex BNBUSDT | +0.0132% | 8h | 806.33 | +0.098% | $70.4M | $51.9M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 805.60 | +0.007% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0179% | 1h | 806.34 | +0.099% | $51.9M | $22.0M | 10x | as long as short |
| SoDEX BNB-USD | +0.0182% | 1h | 805.90 | +0.045% | $396K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0200% | 1h | 805.84 | +0.037% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.81 | +0.034% | $2.5M | $929K | 50x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 806.34 | +0.099% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | +0.001% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0300% | 1h | 806.29 | +0.092% | $1.6M | $165K | 25x | |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.056% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.00 | +0.057% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 805.35 | −0.023% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 806.65 | +0.138% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0713% | 1h | 806.61 | +0.133% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
Coinbase International BNB-PERP-INTX
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
SoDEX BNB-USD
dYdX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP